It's a very likely "guess" though. I wish I sold more of one of my winning positions a week and a half ago so I could have been more prepared for this. TECO actually hit the 2 cent intraday support level which was last touched in may of 2011. Until filings and some more news comes out expect more shake outs.

In fact the best thing about this shake out and the move back down towards lower support, is that we've pretty much eliminated most of the downside that would occur if the K's disappoint.

It's pretty much like when a stock rallies into earnings because everyone is expecting something big. Well, if the earnings are already baked into the cake then how much more upside do you have left? The same logic holds true to the downside. A lot of the pessimism is already baked into the cake as shown by the stock price.

I don't expect to see a huge revenue jump obviously, and I would not be surprised by additional costs to further depress net income. I am sure that nobody would be surprised at this point. That means how much more downside is in the cards?

If you don't have much more downside then the path of least resistance is up.